Nearly half of Brits ‘would consider buying an EV in the next five years’

Nearly half of Brits ‘would consider buying an EV in the next five years’

May 21, 2021

According to a new survey by professional services company GHD almost 46% of Brits would ‘definitely buy’ or ‘seriously consider’ buying an electric vehicle (EV) in the next five years.

Concerns over barriers to purchase

The data also suggests that this figure increases to 66% when taking into account those who would seriously consider buying an EV, but at the moment believe there are too many barriers to purchase.

UK has second-lowest confidence in charging infrastructure

The survey, which was conducted among more than 8,000 consumers in Australia, Canada, New Zealand, Singapore, the UK and the US, showed that the UK has the second-lowest level of drivers’ confidence in relying on local charging infrastructure. With almost 47% saying they were not confident they would have access to reliable charging infrastructure locally.

Dr David Maunder, Technical Leader – Future Energy at GHD, said: “It is clear that we are entering the era of the EV, with our survey showing strong demand among UK consumers.”

British Gas Business

With the public expressing concerns around the availability of local charging infrastructure now is the perfect time to invest in EV charge points. Allowing your business to address the increasing demand from customers and employees for onsite charging. Find out how we can support you on your EV journey below.

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Balancing planet and profit during unprecedented market volatility

06 Jul, 2022

Balancing planet and profit during unprecedented market volatility

Why are energy prices high compared to a year ago?

By Vander Caceres • 14 Jun, 2022

Wholesale energy prices have experienced unprecedented levels of volatility since the end of summer 2021, with both day ahead/spot and future contracts surging to all-time highs. In the last couple of months, prices have decreased but still remain high compared to a year ago. This period of high energy prices is expected to continue for the foreseeable future (see next section). Energy prices have surged for a number of reasons: A global increase in gas demand following the ease or end of Covid-related restrictions throughout 2021. After the pandemic, economies across the world started to recover. Asian countries like China saw their imports of Liquified Natural Gas (LNG) increase. This resulted in lower LNG shipments to the UK and Europe. On the supply side, the Covid-19 lockdowns pushed some maintenance work from 2020 into 2021 at a time when demand was recovering. In 2021, gas production hit a record low of 363TWh, 47TWh below the previous record low in 2013. Low production was the result of an extensive summer maintenance schedule which saw shutdowns at several major terminals, as well as the Forties Pipeline System which serves a significant proportion of UK gas and oil production. A lack of wind in the summer resulted in higher demand for conventional power. European gas storage in 2021 and Q1’22 remained far below previous years and it’s unclear how these are going to be replenished in the summer given the concerns around supply including the potential suspension of Russian gas flows due to sanctions. The 1,234km offshore Nord Stream 2 gas pipeline, which was designed to double the flow of gas between Russia and Germany (and by extension the rest of Europe) has been abandoned following the invasion of Ukraine. Gas storage in the UK is extremely minimal with capacity at less than 2% of the UK’s annual demand, compared with 22% for other European countries. Whilst the UK is not heavily reliant on gas coming from Russia, it sources almost half it’s gas supply from Europe. Hence, wholesale gas and power prices in the UK are now subject to knock-on-effects from the conflict in Ukraine.

What does volatility mean for your journey to net zero?

20 May, 2022

Amidst rising energy costs, digitalisation, growing pressure from stakeholders and increasing regulation, organisations may struggle to define their pathway to a low-carbon future. What can you do to protect your business’ net zero plans from the challenges of volatility? Disruption and volatility are putting organisations under pressure. Digitalisation and new technology developments continue to challenge existing business models. Its increasing dependence on energy and encouraging businesses to drive change to secure competitive advantage. And as customers, employees and shareholders look to engage with companies who understand the importance of decarbonisation, pressure is mounting to prioritise sustainability.

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